AI adoption is not leading to widespread job losses across UK businesses, according to new data from the Office for National Statistics (ONS). The latest ONS Artificial Intelligence in UK businesses report found that firms are three times more likely to retrain employees to work alongside AI, rather than replace them or reduce employee headcount. ... Read more ›
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The UK’s open banking ecosystem has reached two landmark milestones, with more than one billion payments and 100 billion API calls recorded since the launch of open banking more than eight years ago. Open banking has enabled millions of consumers and businesses to access financial services, make account-to-account payments, and manage their finances. The latest ... Read more ›
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Freenow and Chinese technology giant Baidu have officially commenced road testing of the Apollo Go autonomous vehicles in London. The trials mark a key step toward launching commercial driverless ride-hailing services in the capital, with public passenger services targeted for 2027, subject to regulatory approvals. Initial testing is taking place across mixed urban and suburban ... Read more ›
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John Healey’s appointment as chancellor is a positive development for the UK’s defence and technology sectors. Having recently served as Defence Secretary, he enters No. 11 with a direct understanding of the security environment, the pressures facing the Armed Forces and the investment required to sustain defence modernisation. That experience matters. Having a chancellor who ... Read more ›
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This week’s podcast guest is Chris Donnelly, co-founder of Searchable, who discusses the wild ride of growing a business in a matter of months to a valuation of $85m. He shares his thoughts on the radical overhaul to search announced by Google and offers tips of what every brand, big or small, needs to know ... Read more ›
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UK-based space technology companies have raised around $5.6B (£4.2bn) across 85 rounds, according to new data published by global market intelligence platform Tracxn. The publication of its new report, The State of UK SpaceTech – Inside the UK’s homegrown space-technology ecosystem, maps out the current ecosystem for space tech companies, including capital and exit activity. ... Read more ›
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London-based business lender iwoca has secured a £250m debt facility to expand its SME lending capacity. The facility follows a period of growth in iwoca’s lending activity, with the amount of money provided to small businesses jumping 60% between 2024 and last year. The new facility comes amid a surge in demand for mid-sized business ... Read more ›
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Regional private equity investment manager Foresight Group has marked a successful H1 2026 with significant new investments and successful exits across the UK and Ireland. During the period, Foresight invested more than £43m into 11 UK businesses and completed three exits. The 11 new investments cover Federal, SAMP Technology, Pinocchio’s Nurseries, Play Revolution, Optera, Envoke, ... Read more ›
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Tech giant NVIDIA’s new alliance of AI and technology firms promoting open and responsible use of automation has been launched with no UK members, prompting concern that Britain is missing out on a major industry advancement. The US chip firm announced the launch of the Open Secure AI Alliance for AI Safety and Security on ... Read more ›
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New Prime Minister Andy Burnham has appointed ex-science minister Lord Patrick Vallance as chair of his AI taskforce. The remit of the taskforce will be to drive the government’s overall strategy on AI and unlock the opportunities it holds for growth, prosperity and public sector transformation. Reporting to cabinet secretary Antonia Romeo and AI minister ... Read more ›
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A consortium of UK pension providers is reportedly working on the launch of a new fund worth more than £1bn targeting innovative private British companies. Referred to as the UK Scale-Up Fund, figures involved include Nest, Railpen and Boarder to Coast, as well as the British Business Bank, which would serve as both a backer ... Read more ›
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Manchester-based Nuclear Turbines has raised £15m to advance its development of compact nuclear systems designed to integrate with gas turbine technology. Spun out of BAE Systems’ Launchpad initiative, Nuclear Turbines strives to solve nuclear’s critical cost and scale challenges by replacing steam turbine systems with high-temperature turbine technology normally found in jet engines and gas-fired ... Read more ›
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This week’s UK tech funding deals include AI material discovery company CuspAI, biomaterial developer Ponda and more. UKTN tracked £565.3m worth of UK tech investment this week (20 July to 24 July), a more than 400% week-on-week increase across 11 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. CuspAI – £334m ... Read more ›
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London-based digital wealth management platform Moneybox has completed a £45m secondary share sale, pushing its valuation to approximately £800m. The secondary transaction was executed through the London Stock Exchange’s Private Securities Market (PSM) under the UK government’s PISCES regulatory framework. Crowdcube exclusively managed the sell-side and buy-side process. The £800m valuation represents a 45% increase ... Read more ›
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London-based industrial AI platform Arrakis has emerged from stealth after securing a $30m (£22.5m) Series A funding round. Founded in 2026 by former Accel investor Rafael Quintanilla alongside co-founders Haroun Beltaifa, Romain Fouilland, and Mikhail Galkov, an alumni of Palantir, Delivery Hero, Revolut, Datadog, and ASML, Arrakis develops autonomous AI agents for core workflows across ... Read more ›
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The British Business Bank has committed £10m to Odyssey Ventures’ early-stage fund, Odyssey Discovery I, to support UK AI and deep tech founders scaling into international markets. The commitment is made through the state development bank’s Regional Angels Programme, which was launched in 2019 to address regional imbalances in funding. Odyssey Discovery I is a ... Read more ›
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Cambridge-based health tech startup TidalSense has raised $19m (£14.2m) in a funding round to accelerate the commercial expansion of its AI-powered respiratory diagnostic device. TidalSense has developed N-Tidal Diagnose, a handheld AI diagnostic device for chronic obstructive pulmonary disease (COPD), which is among the UK’s leading causes of death. Unlike traditional spirometry testing, which requires ... Read more ›
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London-based photo sharing social platform Yope has raised $12.3m (£9.2m) in a pre-Series A funding round to scale its platform. Founded in 2021 by chief executive Bahram Ismailau and CTO Paul Rudkouski, Yope offers an ad-free, algorithm-free alternative to public social media platforms. Designed around what the founders call “Friendspace,” the app allows users to ... Read more ›
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ANNA Money, a London-based fintech offering business owners a full suite of financial services, has acquired UK Business Forums (UKBF) and Business Data Group (BDG) to accelerate its ambition to build an AI-powered operating system to help entrepreneurs start, run and grow their business. UKBF is the long-established community platform supporting over 160,000 small business ... Read more ›
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The executive chair of Innovate UK has welcomed the decision to move the Tech Department into the Business Department, with hopes it will create a joined up effort to support the commercialisation of British research. In an interview with UKTN, Tom Adeyoola, who has served as executive chair of Innovate UK since April 2025, discussed how ... Read more ›
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Moa Technology, an agricultural biotechnology company focused on discovering novel mode of action herbicides, has raised a £22.2m Series C round co-led by Oxford Science Enterprises and Supernova Invest. Spun out of Oxford University in 2017, Moa aims to help farmers sustainably protect their harvests from crop-killing weeds and ensure food security for all. The ... Read more ›
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Artificial intelligence (AI) is transforming software development at unprecedented speed and scale. With more than 97% of enterprise developers reporting they have used AI coding tools at work, AI-assisted development is rapidly becoming the norm. Yet for most enterprises, integrating AI-generated code remains challenging. Legacy systems, compliance requirements and hybrid environments can create security vulnerabilities, ... Read more ›
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The UK government has committed a £708m investment for the development of next-generation air combat technology for the UK Armed Forces. The contract extends the existing programme with BAE Systems, accelerating development of the advanced technologies needed for the UK’s Future Combat Air System (FCAS). The technology includes pioneering dual-use capabilities, from digital engineering to ... Read more ›
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London-based software supply chain security startup Ossprey has raised $2.65m (£2m) in a pre-seed funding round to support its technology tackling malicious code threats. Founded by Nate Dunning and David Read, Ossprey develops continuous scanning technology that inspects open-source software dependencies for malicious code before they enter production environments. The platform addresses security risks linked ... Read more ›
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The cabinet appointments of Prime Minister Andy Burnham have naturally given way to a flurry of speculation as to where the government is heading, with the assembling of his top team offering an early signal of the priorities of his leadership. Among the more controversial decisions was the scrapping of the Department for Science, Innovation ... Read more ›
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Modo Energy has secured a $17m (£12.7m) growth funding package from CIBC Innovation Banking to invest in its platform and expand sales and marketing operations. London-based Modo Energy is an AI-powered benchmarking and valuation platform for energy storage and renewable assets that covers 15 energy markets. The new funding will accelerate the evolution of Ko, ... Read more ›
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28.07.2026 10:17
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